Saudi Arabia is studying plans to expand its East-West Pipeline capacity to 10 million barrels per day, Energy Minister Prince Abdulaziz bin Salman said at the WPC Energy Congress in Riyadh.
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The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027–2029, totaling AED292.5 billion, up 28.3% over the previous three years.
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A fresh attack on King Khalid International Airport in Riyadh on Sunday killed a Pakistani resident and injured 11 others, Saudi authorities said, a day after a Houthi missile strike on the same airport killed at least 12 people and wounded more than 300.
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At least 12 people were killed and 309 others injured in an attack targeting King Khalid International Airport in Riyadh on Saturday, October 10, prompting the temporary suspension of airport operations as Saudi authorities assess the damage and verify the safety of the facility.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Saudi food and beverage company Almarai has announced plans to invest more than $4 billion through 2031 as part of a new growth strategy focused on expanding capacity, entering new categories and increasing its presence in priority markets.
The global race to build infrastructure for artificial intelligence is giving world trade strong momentum at a time of higher tariffs and geopolitical conflicts, says a new report on global trade.
Dubai master-developer Nakheel has announced that it has awarded a key marine and beach works contract for Island B at Dubai Islands. Scheduled for completion by Q4 2027, the works will add 320m of beach frontage near Bay Villas and upgrade approximately 3km of the island’s western shoreline.
Global ad spend is forecast to grow 11.9% to $1.34 trillion in 2026, according to the latest data from WARC Media. This comes on the back of strong 10.0% growth in 2024 and 2025.
Bahrain's Urban Planning and Development Authority (UPDA) has signed a contract with international consultancy firm Skidmore, Owings & Merrill LLP (SOM) to develop the Bahrain National Strategic Structure Plan 2050, that will guide every aspect of the kingdom’s sustainable urban planning and development over the next 25 years.
Oil prices rose on Thursday as markets continued to assess the impact of disruptions to shipping in the Gulf and the continuing conflict in the region.
Saudi Arabia has launched a major military operation against Houthi targets in Yemen after attacks on two Saudi airports killed three people and injured 36 others, with the coalition warning that attacks on civilians and civilian infrastructure “will not go unpunished”.
Azizi Developments, a leading private developer in the UAE, has celebrated the groundbreaking of Azizi Florence, its AED30 billion master-planned community in Sharjah.
GCC project contract awards fell sharply in the third quarter of 2026 as the economic impact of the region’s prolonged geopolitical turmoil weighed on activity, although awards for the first nine months of the year rose 2.5% over the same period last year to hit $204.1 billion, said a report.
Qatar’s Public Works Authority (Ashghal) has begun construction of the second phase of a roads and infrastructure project in Izghawa and Al Thumaid. The scope of work includes infrastructure and road services for about 771 plots, as well 23 km of roads and 30 km of pedestrian and cycling paths.
Structural strengths will support the resilience of the UAE’s non-oil economy to the US-Iran war, but a persistent period of regional insecurity will call into question logistical advantages and perceptions of the country as a commercial and financial centre and tourism destination, according to Fitch Ratings.
A joint venture between China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction, has secured a major contract worth AED10 billion ($2.7 billion) for the West Terminal substructure at Al Maktoum International airport, said a report.
Structural strengths will support the resilience of the UAE’s non-oil economy to the US-Iran war, but a persistent period of regional insecurity will call into question logistical advantages and perceptions of the country as a commercial and financial centre and tourism destination, according to Fitch Ratings.
The question is no longer how to build bigger data centres. It is how to deploy infrastructure fast enough to keep up with AI, says Roger (Zhaoyang) Wang, General Manager of Global Data Centers, Alibaba Cloud Intelligence.
Abu Dhabi-based Ohana Development has announced the launch of the second phase of its Manchester City Yas Residences by Ohana project, featuring two- and three-bedroom townhouses, duplex villas, and four- and five-bedroom villas. The premium development is set for phased delivery by 2029.
Burjeel Holdings has established a dedicated affordable healthcare vertical, bringing together its LLH, Lifecare, and Medeor brands under a unified leadership structure.
GEMS Education, one of the oldest and largest private K-12 education providers, has unveiled GR8 School, a global-first model combining hyper-personalised AI-powered learning with specially trained teachers (human mentors) and real-world expertise.
Knowledge Economic City (KEC), a leading master developer, has partnered with global hospitality agency TGP International to develop a new Food Hall at Multaqa AlMadinah Mall.
Julius Baer, a leading Swiss wealth management group, has announced that it is realigning leadership of its Middle East & Africa market, with Jean Pierre Dib and Philipp Kleinschnittger assuming the roles as Co-Heads for Middle East & Africa.
Circus has unveiled its CA-1 AI-powered autonomous food production system in Abu Dhabi. The launch marks the company's first deployment outside of Europe, bringing this first of its kind technology to the UAE.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
Global ad spend is forecast to grow 11.9% to $1.34 trillion in 2026, according to the latest data from WARC Media. This comes on the back of strong 10.0% growth in 2024 and 2025.
AquaIndex, a water asset management and pricing company, has announced plans to launch a dedicated regional water token for the UAE as part of its strategy to expand globally and build a digital infrastructure for the documentation, pricing, ownership management and trading of water reserves using real-world asset (RWA) tokenisation technology.
